Super Micro Computer (NASDAQ:SMCI) Shares Down 0.2% – Here’s Why

Super Micro Computer, Inc. (NASDAQ:SMCI) fell 0.2% during trading on Wednesday . The company traded as low as $44.98 and last traded at $45.89. 8,600,753 shares were traded during mid-day trading, a decline of 89% from the average session volume of 80,381,898 shares. The stock had previously closed at $45.97.

Analyst Upgrades and Downgrades

Several research firms have commented on SMCI. StockNews.com lowered shares of Super Micro Computer from a “hold” rating to a “sell” rating in a report on Wednesday, October 9th. Loop Capital lowered their price objective on shares of Super Micro Computer from $150.00 to $100.00 and set a “buy” rating for the company in a research report on Monday, September 23rd. Barclays reduced their target price on Super Micro Computer from $438.00 to $42.00 and set an “equal weight” rating on the stock in a report on Wednesday, October 2nd. Susquehanna boosted their price target on Super Micro Computer from $28.50 to $32.50 and gave the stock a “negative” rating in a report on Monday, July 15th. Finally, Mizuho started coverage on Super Micro Computer in a research note on Tuesday, September 17th. They issued a “neutral” rating and a $45.00 price objective on the stock. Two investment analysts have rated the stock with a sell rating, eleven have given a hold rating and five have assigned a buy rating to the company. Based on data from MarketBeat.com, Super Micro Computer presently has an average rating of “Hold” and an average price target of $74.53.

Super Micro Computer Trading Up 1.9 %

The business’s fifty day moving average is $47.43 and its 200-day moving average is $69.05. The company has a debt-to-equity ratio of 0.32, a quick ratio of 1.93 and a current ratio of 3.77. The firm has a market cap of $25.86 billion, a P/E ratio of 23.21 and a beta of 1.23.

Super Micro Computer (NASDAQ:SMCI) last released its quarterly earnings results on Tuesday, August 6th. The company reported $0.62 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.76 by ($0.14). Super Micro Computer had a net margin of 8.09% and a return on equity of 30.57%. The business had revenue of $5.31 billion for the quarter, compared to the consensus estimate of $5.32 billion. During the same period in the previous year, the business posted $0.34 EPS. Super Micro Computer’s revenue was up 142.9% on a year-over-year basis. Analysts predict that Super Micro Computer, Inc. will post 2.85 EPS for the current year.

Institutional Investors Weigh In On Super Micro Computer

Several institutional investors and hedge funds have recently made changes to their positions in the stock. Park Avenue Securities LLC acquired a new position in shares of Super Micro Computer in the first quarter worth approximately $690,000. Ballentine Partners LLC acquired a new position in shares of Super Micro Computer in the 1st quarter worth approximately $253,000. Brookstone Capital Management bought a new stake in shares of Super Micro Computer in the 1st quarter valued at $313,000. DGS Capital Management LLC bought a new stake in shares of Super Micro Computer in the 1st quarter valued at $326,000. Finally, Wealthcare Advisory Partners LLC acquired a new stake in shares of Super Micro Computer during the first quarter worth $291,000. Institutional investors and hedge funds own 84.06% of the company’s stock.

About Super Micro Computer

Super Micro Computer, Inc, together with its subsidiaries, develops and manufactures high performance server and storage solutions based on modular and open architecture in the United States, Europe, Asia, and internationally. Its solutions range from complete server, storage systems, modular blade servers, blades, workstations, full racks, networking devices, server sub-systems, server management software, and security software.